Donald Trump has achieved a feat seen only once before in U.S. political history, becoming the second president to win two non-consecutive terms since the late 19th century. After the 2020 elections, many believed his political career was over, but Trump defied expectations. With strong backing from the Republican base and strategic missteps by Democrats, he staged a remarkable return to the presidency. Notably, Trump also entered the history books as the first U.S. president to be elected despite having been convicted of a crime. Following his swearing-in ceremony on Monday, Trump signed a flurry of executive orders, signaling his determination to implement major changes in his second term.
Trump’s First Term
Trump’s initial presidency was an unexpected triumph for both him and the nation. Seizing on the disarray within the Republican Party, he emerged victorious in a crowded primary field, securing his place as the party’s candidate. His presidency, however, was overshadowed by allegations of Russian interference in the election. Throughout his term, Trump faced fierce resistance from within his party, mainstream media, Congress, and the Washington bureaucracy.
During his first term, Trump struggled to fully implement his MAGA agenda. While he appointed conservative judges to the Supreme Court, considered a lasting success, his handling of the COVID-19 pandemic undermined his reelection chances. His administration’s successes in vaccine development were overshadowed by broader mismanagement, leaving his legacy tarnished as he exited office in 2020.
Biden’s Missteps
Joe Biden’s victory in 2020 was driven by widespread dissatisfaction with Trump’s handling of the pandemic. Promising to be a unifying, transitional leader, Biden fell short of expectations. His presidency was marked by poor performances in debates, lack of decisive leadership, and public scrutiny over his age. Strategic blunders—ranging from inflation to border security, foreign aid to Ukraine, and the Gaza crisis—provided Trump with ample ammunition for his comeback.
Additionally, legal challenges against Trump, expected to end his political career, often backfired. Prolonged court cases bolstered Trump’s narrative as a political victim, further galvanizing his base.
Trump’s Second Term
Unlike his first term, Trump returns to office with a broader support base and a more unified Republican Party controlling both chambers of Congress. Media outlets have softened their stance, and Big Tech CEOs now seek alignment with his policies. Meanwhile, the Democratic Party appears fragmented and low on energy to mount significant resistance.
In his inaugural address and first executive actions, Trump made clear that he would not shy away from controversy. He declared a national emergency at the Mexican border, setting the stage for mass deportations, and reignited debates by targeting birthright citizenship. His withdrawal from the Paris Climate Agreement and the World Health Organization signaled a return to America-first policies, while tariffs on Canadian and Mexican imports underscored his protectionist stance.
Trump has also hinted at revisiting polarizing initiatives, including attempting to regain control of the Panama Canal and renewing efforts to purchase Greenland. On the international front, he may push for a resolution to the Ukraine conflict, further pressure Iran and China, and support Israel’s agenda on the Palestinian issue. A withdrawal from Syria remains on the table.
Challenges and Potential Crises
While Trump begins his second term with confidence and high approval ratings, his political capital could erode quickly if mishandled. Democrats would need to unite under a compelling leader to pose a serious challenge, which seems unlikely in the short term. If Trump maintains his current momentum through the 2026 midterms, he might even attempt to initiate discussions around amending the Constitution to seek a third term—a scenario that, while improbable, would align with his penchant for breaking norms.
Trump’s second term marks a pivotal moment for both domestic and international politics. Whether he solidifies his legacy or squanders his renewed mandate remains to be seen. For now, Trump has yet again reshaped the landscape of American politics, leaving his mark as a president of many firsts.
The BIST name and logo are protected under the "Protected Trademark Certificate" and cannot be used, quoted, or altered without permission.All rights to the information disclosed under the BIST name are entirely owned by BIST and cannot be republished. Market data is provided by iDealdata Financial Technologies Inc. BIST stock data is delayed by 15 minutes.